Underwriting Manager, MPL/Tech & Cyber
Location
Parsippany, NJ | United States
Job description
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Underwriting Manager, MPL/Tech & Cyber
Job Family Grouping: Underwriters - Cyber & Technology
Job Family: Underwriting Group > Underwriters
How does this role contribute to our collective success?
As an Underwriting Manager for Miscellaneous Professional Liability (MPL), Technology & Cyber products, you will manage a team of underwriters and act within established guidelines, to market, analyze, review, evaluate and monitor new and renewal accounts of all programs, exercise independent judgment in processing accounts, and manage underwriting activities.
What will you do in this role?
• Prospect new Miscellaneous Professional Liability (MPL) business targets and opportunities and develop strategies to procure new business within the Small Business segment (revenue less than $50M), mostly within the wholesale distribution channel.
• Manage a team of underwriters focusing mostly on new MPL business.
• Meet established divisional servicing objectives related to quote turnaround, policy issuance, phone management, renewal management, file maintenance, and documentation.
• Analyze and underwrite individual risks. Develop appropriate limit structure, retention, pricing, and endorsements within underwriting guidelines. Refer to supervisor for approval.
• Continue to develop and update product and underwriting knowledge.
• Participate in prospecting by identifying new business targets. Make strategy recommendations to the supervisor.
• Review and evaluate primarily new business based on company underwriting guidelines, competition, and geographic focus. Develop strategy and make recommendations.
• Review coverage requests provided by the agent and determine the department's position regarding such requests within the individual authority granted. Present those requests outside the individual authority to the immediate supervisor for approval or guidance.
• Perform the required number of broker marketing calls, including out-of-state travel.
• Solicit new accounts, gather market intelligence, and deliver up-to-date department information on products and services.
• Maintain up-to-date familiarity with economic and legal factors impacting the department's business lines and the insurance industry.
• You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
• A minimum of ten years' experience in underwriting miscellaneous professional liability (MPL)
• Strong wholesaler relationships within MPL to drive submission flow and production
• An executive presence, demonstrating success in communicating, influencing, and building solid relationships that add value to the AXIS book of business and contribute to longer-term strategic initiatives.
• Bachelor's degree in accounting, mathematics, finance, risk management, insurance, or a related field
• Strong presentation and interpersonal skills
• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint)
• Excellent negotiation skills and strong marketing abilities
What we prefer you to have:
• In addition to MPL, experience underwriting technology & cyber products
• People management experience
Role Factors:
In this role, you will typically be required to:
Be in the office 3 days per week, this is a hybrid role. Travel required to meet brokers, clients 25%.
What we offer:
For this position, we currently expect to offer a base salary in the range of 150-165k. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.
In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Where this role is based in the United States of America, this role is [Exempt] for FLSA purposes.
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